SME FINANCING

Quick financial solutions for your business growth.

To finance bid, advance payment, performance, retention, and supplier guarantee requirements.

Features

  • Loan amount: Up to 30% of verifiable annual turnover, maximum UGX 200M
  • Repayment: On or before expiry
  • Tenure: Up to 1 year

Benefits

  • Access to Bid guarantee without security
  • Fast guarantee processing (within 48 hours)
  • Affordable charges

Requirements

  • Properly filled and signed Guarantee application form
  • Passport size photograph and Valid/Acceptable Identification Card for each Director/Individual
  • Certified Resolution to borrow, Trading license, Tax clearance, Company Memarts, TIN, Particulars of directors
  • Copy of Bidding documents and advert for requesting for bids
  • Copy of previous contracts - copies of invoices paid, LPOs issued or Contracts signed
  • Bank statements of at least 6 months
  • Financial card
  • Completed Key Facts Document

To stabilize cash inflows expected from vetted debtors who are willing to assign proceeds to the Bank. Discounting is with recourse.

Features

  • Loan amount: Up to 70% of invoice or certificate, maximum UGX 200M
  • Repayment: On or before expiry
  • Tenure: Up to 3 months
  • Credit monitoring: UGX 5,000 per month for duration of facility

Benefits

  • Access to financing without security
  • Fast guarantee processing (within 48 hours)
  • Affordable charges

Requirements

  • Properly filled and signed Invoice Discounting application form
  • Passport size photograph and Valid/Acceptable Identification Card for each Director/Individual
  • Certified Resolution to borrow, Trading license, Tax clearance, Company Memarts, TIN, Particulars of directors
  • Employer to be approved
  • Original Irrevocable Letter of Undertaking from the Contract Employer addressed to BOAU
  • Copy of invoices to be discounted.
  • Copy of previous contracts - copies of invoices paid, LPOs issued or Contracts signed
  • Proof of business premises; Utility bill and sketch map to premises.
  • Bank statements of at least 6 months
  • Financial card
  • Completed Key Facts Document

To finance working capital requirements including commodity, stock, contract, import and export finance requirements

Features

  • Loan amount: Up to 10% of verifiable annual turnover, maximum UGX 200M
  • Repayment: Weekly/ monthly/ quarterly/ termly
  • Tenure: Up to 1 year
  • Credit monitoring: UGX 5,000 per month for duration of facility

Benefits

  • Fast loan processing (within 48 hours)
  • Manageable repayment instalments
  • Affordable interest rates

Requirements

  • Properly filled and signed Business Loan application form
  • Passport size photograph and Valid/Acceptable Identification Card for each Director/Individual
  • Certified Resolution to borrow, Trading license, Tax clearance, Company Memarts, TIN, Particulars of directors
  • Proof of business premises; Utility bill and sketch map to premises.
  • Bank statements of at least 6 months and details of cash flows
  • Copy of proposed security documents
  • Financial card
  • Completed Key Facts Document

To finance acquisition of assets that will generate income or will be directly used in the generation of income.

Features

  • Loan amount: Up to 25% of verifiable annual turnover, maximum UGX 200M
  • Repayment: Weekly/ monthly/ quarterly/ termly
  • Tenure: Up to 3 years
  • Credit monitoring: UGX 5,000 per month for duration of facility

Benefits

  • Fast loan processing (within 48 hours)
  • Flexible monthly loan repayment
  • Available in all currencies

Requirements

  • Properly filled and signed Business Loan application form
  • Passport size photograph and Valid/Acceptable Identification Card for each Director/Individual
  • Certified Resolution to borrow, Trading license, Tax clearance, Company Memarts, TIN, Particulars of directors
  • Valid proforma Invoice of the asset to be purchased
  • Proof of business premises; Utility bill and sketch map to premises
  • Bank statements of at least 6 months
  • Financial card
  • Completed Key Facts Document
Apply for SME Financing